ProAmpac acquires UP Paper

Cincinnati-based flexible packaging and materials science company ProAmpac acquired UP Paper, a Manistique, Michigan-based kraft paper manufacturer that uses 100 percent recycled fiber.

In a move announced last week, ProAmpac and UP Paper say that, together, they will leverage combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products.

“The UP Paper team has done an incredible job building this great business,” ProAmpac founder and CEO Greg Tucker says. “We look forward to building on their existing relationships and production expertise to serve our customer base with a broader suite of sustainable packaging products.”

UP Paper, a relatively young business, was established in 2016 to produce 100 percent unbleached recycled kraft paper for packaging. It serves customers in the food service, e-commerce and customer retail markets with “a strong commitment to sustainability.”

“ProAmpac has built an exceptional platform from which we can continue to grow our business,” UP Paper President and CEO Lars Dannberg says. “Together, we will have a strong portfolio of paper products and a shared commitment to excellence in customer service. I am confident our current and future customers will benefit from this partnership.”

“UP Paper will expand ProAmpac’s portfolio of recycled paper packaging products and extend the company’s presence in growth-oriented markets,” adds Kaitlyn Desai, principal at Pritzker Private Capital, which owns ProAmpac.

“We look forward to continuing our strong support of ProAmpac through both organic and acquisition growth.”